The death of a loved one is a very painful experience. In some cases it can also be associated with serious financial problems. A deceased person may leave behind debts, the amount of which significantly exceeds the value of the estate.
Is there anything you can do not to inherit your debt? What steps should you take to prevent problems that create inheritance debts?
In Poland, issues related to statutory inheritance are regulated by the Civil Code. An heir may be a person who lives when the inheritance opens. There are two types of inheritance – statutory and testamentary. Depending on whether the testator has left a will or not, the inheritance order is determined as follows:
Every testator has the right to freely dispose of his own assets. He can make a will or make a donation. However, if the testamentary entries and other activities carried out by the testator omit closely related persons, for example children, it is possible to assert their rights through a reserved share. What is the share? Who is entitled to? When can you apply for it?
Sometimes it happens that even the immediate family is unaware that the deceased had any debts. Some take loans without the knowledge of spouses or children. Debts may also result from a delay in payment for current bills for housing, electricity, water, gas, telephone subscription or television. The deceased who ran their own business could leave debts due to unpaid invoices, liabilities to employees or contractors.
Therefore, before deciding to accept an inheritance, it is worth checking to see if the deceased had any debts.
How can this be done? Here are some ways: